Last year I had a Debt Snowflake Challenge and “found” an additional $7,499.25 to apply to our debts.
This year my husband and I have the gazelle intense goal of paying off my student loan by August 31, 2013. In the past five weeks of the Debt Snowflake Challenge, we’ve “found” $474.43 to put on the student loan.
Here’s how it works:
We inspire each other by sharing how we “found” extra money to put on our debts. If you have a blog and wrote a post about it, please link up. If you don’t have a blog, just leave a comment stating what you did this week to find extra money to put on your debt.
Okay, here’s my confession. I’ve been slacking. Well, not slacking overall, but the debt snowflake challenge has definitely taken a backseat for the moment. Remember that we still have a $700 spark plug repair? Oh, and we decided to homeschool our son, which means we need to pay for the curriculum and the books in the next few weeks. Those are two major expenses, so I’ve been working extra jobs to pay for those expenses.
That means I’ve been slacking about rounding up stuff around the house to sell, which is the only way we can scrap up money for the debt snowflake right now. Hopefully this weekend I can stop slacking on the debt snowflake.
At least I did make some progress, though.
I redeemed some of our Swagbucks for cash.
Redeemed Swagbucks = $25.00
This week we were able to snowflake $25 on the student loan. I figured out that we need to pay an extra $108 a week to pay off the student loan by August 31st, so we are a bit under our target goal. Over six weeks, we are now averaging $82.23 a week, or $499.43 for the challenge so far.
I’m falling behind on snowflakes. If we want this student loan gone by the end of August, we better get working!
Now it’s your turn. Link up your progress. Let’s inspire each other!
I love your transparency and how hard you are working to achieve your goals. I know you can do it! Do you think the Swagbucks thing is worth it? I just couldn’t seem to get the hang of it when I tried!
I love Swagbucks. Every time I search the Internet I go there first. I think I’ve probably cashed out $300 to $450 since I started using Swagbucks in 2010.
Are your children still going to Japanese school this summer? Or is that the private school you were talking about earlier?
Yes, they’re still going to Japanese school this summer. Then we’ll start homeschooling in the fall. The school Bookworm will no longer attend is a different one that he attended during the school year. The girls were scheduled to start there in the fall, but now we’ve decided to homeschool.
You will do a great job! Have you picked a curriculum for Bookworm?
I have. We’ll share it shortly.
We homeschool ((2013-14 will be our 3rd year))…challenging but worth it! Good job on the snowflaking! I admire you…hope to be able to start soon.
Michael @ The Student Loan Sherpa says
Thanks for sharing the good and the bad. Its refreshing to know that even people we admire have a week or so where they fall a little short of their goals.
Jon @ MoneySmartGuides says
Keep working at it….some weeks you will be less than your target goal, but other weeks will make up for it. Good luck!